February 1, 2002



Doyle L Arnold
Zions Bancorporation
One South Main Suite 1380
Salt Lake City, UT 84111


RE:        Amended Schedule 13G


Enclosed pursuant to Rule 13d-1(b) under the Securities Exchange Act of 1934 is
a report on Schedule 13G reporting beneficial ownership at December 31, 2001 by
American Express Financial Corporation in Common Stock of Zions Bancorporation.


Sincerely,


/s/ Steve Turbenson
-------------------
    Steve Turbenson
    Director - Fund Administration



Enclosure










                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                  SCHEDULE 13G


                  Under the Securities and Exchange Act of 1934


                              Zions Bancorporation
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    989701107
--------------------------------------------------------------------------------
                                 (CUSIP Number)


The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.






                               CUSIP NO. 989701107



1)   Name of Reporting Person             American Express Financial Corporation

     S.S. or I.R.S. Identification        IRS No. 13-3180631
     No. of Above Person

--------------------------------------------------------------------------------

2)   Check the Appropriate Box            (a)
                                          --------------------
     if a Member of a Group               (b) X - Joint Filing
                                          --------------------

--------------------------------------------------------------------------------

3)   SEC Use Only

--------------------------------------------------------------------------------

4)   Citizenship or Place of Organization  Delaware

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     (5) Sole Voting Power                -0-
     ---------------------                --------------
     (6) Shared Voting Power              115,805
     -----------------------              --------------
     (7) Sole Dispositive Power           -0-
     --------------------------           --------------
     (8) Shared Dispositive Power         2,525,360
     ----------------------------         --------------

--------------------------------------------------------------------------------

9)   Aggregate Amount Beneficially
     Owned by Each Reporting Person       2,525,360

--------------------------------------------------------------------------------

10)  Check if the Aggregate Amount in
     Row (9) Excludes Certain Shares      Not Applicable

--------------------------------------------------------------------------------

11)  Percent of Class Represented by
     Amount In Row (9)                    2.8%

--------------------------------------------------------------------------------

12)  Type of Reporting Person             CO, IA, IV, IA

--------------------------------------------------------------------------------







1(a) Name of Issuer:                      Zions Bancorporation

1(b) Address of Issuer's Principal        One South Main Suite 1380
     Executive Offices:                   Salt Lake City, UT 84111

2(a) Name of Person Filing:               American Express Financial Corporation

2(b) Address of Principal Business Office:
                                          American Express Financial Corporation
                                          200 AXP Financial Center
                                          Minneapolis, MN  55474

2(c) Citizenship:                         See Item 4 of Cover Page

2(d) Title of Class of Securities:        Common Stock

2(e) Cusip Number:                        989701107

3    Information if statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):
         American Express Company, one of the persons filing this
         statement, is a Parent Holding Company in accordance with Rule
         13d-1(b)(ii)(G) and is an Investment Advisor registered under
         section 203 of the Investment Advisors Act of 1940.

4(a) Amount Beneficially Owned as of December 31, 2001:  See Item 9 of Cover
     Pages

4(b) Percent of Class:  See Item 11 of Cover Pages

4(c) Number of Shares as to which such person has:
     (i)    Sole power to vote or to direct the vote:  See Item 5 of Cover Pages
     (ii)   Shared power to vote or direct the vote:  See Item 6 of Cover Pages
     (iii)  Sole power to dispose or to direct the disposition of:  See Item 7
            of Cover Pages
     (iv)   Shared power to dispose or to direct the disposition of:  See Item 8
            of Cover Pages






5    Ownership of 5% or Less of a Class:
     If this statement is being filed to report the fact as of the date
     hereof the reporting person has ceased to be the beneficial owner of
     more than five percent of the class of securities, check the
     following (X).

6    Ownership of more than 5% on Behalf of Another Person:

                                          Not Applicable

7    Identification  and  Classification  of the  Subsidiary  Which Acquired the
     Security Being Reported on by the Parent Holding Company:

                                          See Exhibit I

8    Identification and Classification of Members of the Group:

                                          Not Applicable

9    Notice of Dissolution of Group:

                                          Not Applicable

10   Certification:

         By signing below I certify that, to the best of my knowledge and
     belief, the securities referred to above were acquired in the ordinary
     course of business and were not acquired for the purpose of and do not
     have the effect of changing or influencing the control of the issuer of
     such securities and were not acquired in connection with or as a
     participant in any transaction having such purposes or effect.

         After reasonable inquiry and to the best of my knowledge and
     belief, I certify that the information set forth in this statement is
     true, complete and correct.


                                          American Express Financial Corporation

Dated: December 31, 2001                   By /s/ Steve Turbenson
                                                  ------------------------------
                                                  Steve Turbenson
                                                  Signature


                                                  Steve Turbenson
                                                  Director - Fund Administration
                                                  Name/Title

                                                  Telephone:     (612)  671-2059





                                  Exhibit Index


Exhibit I       Identification and Classification of the Subsidiary
                which Acquired the Security Being Reported on by the
                Parent Holding Company.

Exhibit II      Statement of American Express Financial Corporation







                                    Exhibit I

                                       to

                                  Schedule 13G

       American Express Financial Corporation, a Delaware Corporation, is a
parent holding company and is registered as investment advisor under section 203
of the Investment Advisor Act of 1940. The relevant subsidiaries and/or advised
accounts are: Investment companies registered under section 8 of the Investment
Company Act of 1940; IDS Life Insurance Company and American Express Asset
Management Group Inc., an investment advisor registered under section 203 of the
Investment Advisors Act of 1940.






                                   Exhibit II

                                       to

                                  Schedule 13G

                                    Under the

                         Securities Exchange Act of 1934


       Pursuant to Rule 13d-1(f)(1), American Express Financial Corporation
affirms that it is individually eligible to use Schedule 13G and agrees that
this Schedule is filed in its behalf and on behalf of it subsidiaries and
advised accounts.

                                          American Express Financial Corporation

                                           By /s/ Steve Turbenson
                                                  ------------------------------
                                                  Steve Turbenson
                                                  Director - Fund Administration